(Solution) - On November 6 of Year 1 the company purchased inventory -(2025 Original AI-Free Solution)

Paper Details

On November 6 of Year 1, the company purchased inventory (on account) from a supplier located in Indonesia. The purchase price is 100,000,000 Indonesian rupiah. On November 6, the exchange rate was 8,700 rupiah for 1 U.S. dollar. On December 31, the exchange rate was 10,000 rupiah for 1 U.S. dollar. The company paid the account on March 23 of Year 2. On that date, the exchange rate was 9,100 rupiah for 1 U.S. dollar. Make the journal entries necessary on
(1) November 6,
(2) December 31, and
(3) March 23. The company uses a perpetual inventory system.